Piper Sandler Upgrades Block, Inc. to 'Buy' with $100 Target
On June 30, Piper Sandler upgraded Block, Inc. to a 'Buy' with a $100 price target, a 31.58% upside from the current price.
Key Points
- On June 30, 2026, Piper Sandler upgraded Block, Inc. to a 'Buy' rating with a $100 price target.
- Piper Sandler's $100 price target implies 31.58% upside from Block, Inc.'s ($XYZ) current $76 share price.
- Block, Inc. shares traded at $78.02 on Tuesday with a market cap of $46.3 billion and a P/E ratio of 60.8.
- Insider Anthony Mathew Eisen sold shares in planned transactions, and several funds adjusted their holdings in Block, Inc.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 30, 2026, Piper Sandler's analyst Bill Carcache raised the rating for Block, Inc. (NYSE:XYZ) to a 'Buy' and set a price target of $100. This upgrade reflects a positive outlook on the company's future performance.
Piper Sandler vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Piper Sandler's Block, Inc. Position
Piper Sandler's upgrade of Block, Inc. to a 'Buy' with a $100 target price suggests increased confidence in the company's prospects. The previous target was not specified, making this a notable shift in their assessment.
Other Institutional Activity in Block, Inc.
Several institutional investors have recently adjusted their positions in Block, Inc. PRICE T ROWE ASSOCIATES INC /MD/ added 2,112,132 shares, bringing its total to 45,205,148 shares valued at approximately $2.72 billion, marking a 4.9% increase. BLACKROCK, INC. increased its stake by 393,461 shares to hold a total of 42,238,874 shares worth about $2.54 billion, a 0.9% increase. VANGUARD CAPITAL MANAGEMENT LLC opened a new position in Block, Inc. with 35,575,779 shares valued at $2.14 billion. Similarly, VANGUARD PORTFOLIO MANAGEMENT LLC also initiated a new stake, acquiring 25,662,834 shares worth $1.54 billion. STATE STREET CORP added 98,724 shares, ending with 23,140,666 shares valued at $1.39 billion, reflecting a 0.4% increase.
Block, Inc. Stock Down 9.1%
Shares of NYSE:XYZ traded near $78.02 on Tuesday. Block, Inc. has a market cap of $46.3 billion, with a P/E ratio of 60.8 and a forward P/E of 15.6. The stock's beta is 2.552, indicating higher volatility compared to the market. Over the past year, the stock has ranged between $48.21 and $82.50. Its 50-day moving average is $71.57, and the 200-day moving average is $67.28. Block, Inc. maintains a current ratio of 1.986 and a quick ratio of 0.974, with a debt-to-equity ratio of 37.514.
$XYZ price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Block, Inc. reported revenue of $24.48 billion, reflecting a 4.9% growth. The company achieved a net margin of 3.3% and a return on equity (ROE) of 3.7%. Earnings per share (EPS) stood at $1.28. The next earnings announcement is scheduled for August 10, 2026.
Insider Buying and Selling at Block, Inc.
Anthony Mathew Eisen, a company insider, executed several planned sales of 6,000 shares each between June 22 and June 29, 2026. The transactions occurred at prices ranging from $72.29 to $78.93 per share.
Analysts Set New Price Targets
On June 30, 2026, Piper Sandler upgraded Block, Inc. to a 'Buy' rating with a $100 price target. Morgan Stanley maintained its 'Buy' rating with a $98 target on May 29, 2026. Truist Securities and Canaccord Genuity also maintained 'Buy' ratings with targets of $82 and $85, respectively. The consensus recommendation is a 'Buy', with an average target price of $90.40 among 40 analysts.
About Block, Inc.
Block, Inc., headquartered in Oakland, California, operates in the Technology sector, focusing on software infrastructure. The company, led by CEO Jack Dorsey, offers a range of financial services and products through its Square and Cash App segments. Square provides managed payment services and hardware solutions, while Cash App offers peer-to-peer payments and investment tools. Block, Inc. also owns TIDAL, a platform for musicians, and several other innovative financial services.
Bottom Line
Piper Sandler's recent upgrade of Block, Inc. to 'Buy' with a $100 price target highlights optimism about the company's strategic direction. Investors often monitor such analyst ratings closely, though it's important to remember that these are backward-looking insights. With a strong market presence and innovative offerings, Block, Inc. continues to be a key player in the financial technology space.
Get Block, Inc. alerts
New 13F filings, insider trades, and analyst moves on $XYZ, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.